📈 நேரலை சந்தை கண்காணிப்பு

11th CoC Meeting: K-Lifestyle Creditors Retain RP Despite Disciplinary Orders; Fraud Reported

K-Lifestyle & Industries, currently under Corporate Insolvency Resolution Process (CIRP) with a massive debt of ₹326 cr, held its 11th Committee of Creditors (CoC) meeting on July 23, 2026. The meeting revealed a serious security breach where an individual impersonated a suspended director to gain unauthorized access to confidential proceedings. Despite disciplinary orders issued against the Resolution Professional (RP) in March and May 2026, the CoC unanimously voted to retain him to avoid delays and costs. The company remains in severe financial distress with a negative net worth of ₹304 cr and TTM revenue of just ₹3 cr.